Publications in Referred Journals Banks, financial markets, and international consumption risk sharing, German Economic Review, forthcoming 2012, with Markus Leibrecht Noisy Information, Interest Rate Shocks and the Great Moderation, The Journal of Macroeconomics, forthcoming, 2012, with Eric Mayr The Synchronization of GDP Growth in the G7 during U.S. Recessions. Is this Time Different?, Applied Economics Letters, 2012, Vol 19(1), with Nikolaos Antonakakis Labour Market Rigidities, Financial Integration and International Risk Sharing in the OECD, Journal of International Money and Finance, 2011, Vol 22(2), pp. 317-337, Marriage, Divorce and Interstate Risk Sharing, Scandinavian Journal of Economics, forthcoming, 2011, with Martin Halla Borrowing Constraints and International Risk Sharing: Evidence from Asymmetric Error-Correction, Applied Economics, 2011, Vol 42(17), with Markus Leibrecht Labor market institutions and macroeconomic volatility in a panel of OECD countries, Scottish Journal of Political Economy, 2011, Vol 58(3), pp. 396-413, with Fabio Rumler Inflation Dynamics in the New EU Member States: How Relevant Are External Factors?, Review of International Economics, 2011, Vol 19(1), pp. 65-67, with Alexander Mihailov and Fabio Rumler The Small Open-Economy New Keynesian Phillips Curve: Empirical Evidence and Implied Inflation Dynamics, Open Economies Review, 2011, Vol 22(2), pp. 317-337, with Alexander Mihailov and Fabio Rumler How Do Bank Lending Rates and the Supply of Loans React to Shifts in Loan Demand in the U.K.?, Journal of Policy Modeling, 2010, Vol 32(6), pp. 778-791, with Johann Burgstaller Interest Rate Pass-Through, Monetary Policy Rules and Macroeconomic Stability, Journal of International Money and Finance, 2010, Vol 29(2), pp. 236-251, with Claudia Kwapil Government Size and International Consumption Risk Sharing, Empirical Economics Letters, 2010, Vol. 9(1), pp. 63-69, with Markus Leibrecht How are Prices adjusted in Response to Shocks? Survey Evidence from Austrian Firms, Managerial and Decision Economics, 2010, Vol 31(2), pp. 161-160 , with Josef Baumgartner and Claudia Kwapil How Important is Employment Protection Legislation for Foreign Direct Investment Flows in Central and Eastern European Countries?, The Economics of Transition, 2009, 17(2), pp. 175-195, with Markus Leibrecht Money Market Uncertainty and Retail Interest Rate Fluctuations: A Cross Country Comparison, German Economic Review, 2009, 10(2), pp. 176-192, with Burkhard Raunig Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks, Economic Modelling, 2009, 26(1), pp. 40-46, with Sylvia Kaufmann Do Bank-Based Financial Systems Reduce Macroeconomic Volatility by Smoothing Interest Rates?, Journal of Macroeconomics, 2008, 30(3), pp. 1207-1221 International Risk Sharing in the OECD; Some Evidence based on Panel Cointegration, Open Economies Review, 2008, 19(4), pp. 493-505, with Markus Leibrecht Bank lending and the stock market's response to monetary policy shocks, International Review of Economics & Finance, 2008, 17(3), pp. 425-435 Barriers to Technology Adoption, International R&D Spillovers and Growth, Economics Bulletin, 2008, Vol 15(3), pp. 1-7, with Jesus Crespo Cuaresma and Neil Foster The Transmission of Business Cycles: Implications for EMU Enlargement, The Economics of Transition, 2008, 16(3), pp. 559-582, with Michael Artis and Jarko Fidrmuc The Price Setting Behavior of Austrian Firms: Some Survey Evidence, Empirica, 2007, 34(5), pp. 491-505, jointly with Josef Baumgartner and Claudia Kwapil Forecasting Austrian Inflation, Economic Modelling, 2007, 24(3), pp. 470-480, jointly with Gabriel Moser and Fabio Rumler International Risk Sharing and Investor Protection: Some Evidence from the EU-15, Economics Bulletin, 2004, 6(23), pp. 1-13 The Austrian current account: Driven by twin deficits or by intertemporal expenditure allocation?, Empirical Economics, 2002, 27, pp. 529-542, jointly with Sylvia Kaufmann and Georg Winckler Chapters in Books and Conference Volumes Price Reactions to Demand and Cost Shocks; Survey Evidence from Austrian Firms, in S. Fabiani, C. Loupias, F. Martins, and R. Sabbatini (eds.), Pricing Decisions in the Euro Area: How Firms Set Prices and Why, Oxford University Press, 2007, jointly with Claudia Kwapil and Josef Baumgartner International Risk Sharing in Europe; Has Anything Changed?, in: K. Liebscher, P. Mooslechner, and D. Ritzberger-Grünwald (eds.), The Economic Potential of a Greater Europe, Edgar Elger Publishing Inc., 2004, jointly with Gabriel Moser and Wolfgang Pointner Working Papers Stock Market Volatility, Consumption and Investment; An Evaluation of the Uncertainty Hypothesis Using Post-War U.S. Data, Working Paper 168, Oesterreichische Nationalbank (Austrian Central Bank), 2011, with Burkhard Raunig An Experiment on Consumption Responses to Future Prices and Interest Rates, Ruhr Economic Papers #248, with Wolfgang Luhan and Michael Roos Bank Lending Standards, the Cost Channel and Inflation Dynamics, Working Paper 164, Oesterreichische Nationalbank (Austrian Central Bank), 2010, with Sylvia Kaufmann Expected Monetary Policy and the Dynamics of Bank Lending Rates, OeNB Working Paper 149, 2009, with Claudia Kwapil The Liquidity Effect in Bank-Based and Market-Based Financial Systems, Johannes Kepler University of Linz Working Paper 0718, 2007 Other Publications Stock Market Volatility and the Business Cycle, Monetary Policy and the Economy, 2, 2010, with Burkhard Raunig Inflation Expectations - Role and Measurement for Monetary Policy, Monetary Policy and the Economy, 2, 2009, with Ernest Gnan, Maria Antoinette Silgoner Limited Pass-Through to Retail Interest Rates; Some Evidence and Macroeconomic Implications, Monetary Policy and the Economy, 4, 2007, jointly with Claudia Kwapil Financial Globalization and International Risk Sharing, Focus on European Economic Integration, 1, 2005, jointly with Gabriel Moser and Wolfgang Pointner